ZebPay has recently launched 6 new coins on our crypto exchange platform. The coins are BitTorrent (BTTC), Basic Attention Token (BAT), Decentraland (MANA), Chainlink (LINK), EOS (EOS) & 1inch (1INCH).
ZebPay has been bringing immense value to its users by rapidly expanding and launching newer coins on their crypto exchange platform. Given that, there are about 8000+ cryptocurrencies in circulation, it’s obviously not an easy task. Therefore, ZebPay has been bringing in new coins every day. The following article discusses the use cases, token economics, and description of 6 coins. Let’s dive into it!
What is BitTorrent (BTTC)?
BitTorrent is a digital token that is used to power the world’s most powerful decentralized protocols and applications. BitTorrent started off as the world’s first decentralized file-sharing protocol in 2001, developed by programmer Bram Cohen. Currently, BitTorrent’s peer-to-peer protocols enable its users to boast higher transmission speeds compared to HTTP (hyperetext transfer protocol) or FTP (file transfer protocol). BitTorrent is currently active in about 138 countries and have about 100 million active users. The native token of BitTorrent is called BTTC. It’s used as a governance and monetary token on the platform.
What is Basic Attention Token (BAT)?
Basic Attention Token is a blockchain-based marketing platform that enables users to earn rewards powered by BAT. BAT is the native ERC-20 token of the platform. The platform also has an internet browser named Brave. Therefore, they have created an entire ecosystem for BAT token to be used in. BAT allows advertisers, publishers, and users to transact within the platform and also earn BAT.
What is Decentraland (MANA)?
Apart from being another coin launched by ZebPay, Decentraland is a 3D virtual reality platform built on Ethereum. Decentraland is currently building a decentralized blockchain-based virtual world. This virtual world can be used by creators to create, experience, monetize content and application. In doing so, users can earn a lot of money via their creations. MANA is one of the native tokens of the platform. It is used as an exchange of value on the platform. Not just that users can also earn MANA on the platform and spend it on in-game purchases of goods and services. The other token LAND is used to represent land ownerships.
What is Chainlink (LINK)?
Chainlink is a decentralized oracle network for smart contracts and data sources. Essentially, the platform serves as the middleman between smart contract platforms and data sources. Therefore, allowing smart contracts to safely access off-chain data feeds. It was created in 2017 and launched its official mainnet in 2019. You can find the whitepaper here. The native token of the platform is LINK. It is used as both a payment and work token. It si also used as collateral on the platform. Additionally, you can also stake LINK and earn more LINK as rewards on the platform.
What is EOS (EOS)?
Yet another launched by ZebPay! EOS is basically an open-source platform that is used to support smart contracts and decentralized applications in their creation. The protocol features delegated Proof-of-Stake (DPoS) consensus mechanism. This helps the platform securely while providing reasonable performance guarantees. EOS offers scalability and transaction throughput that is higher than traditional networks. The native token of the platform is EOS. It is used to purchase or rent services such as network bandwidth, computational power, storage capacity and voting rights. Therefore, making it the most useful piece of the puzzle.
What is 1inch (1INCH)?
Yet another launched by ZebPay! The 1inch Network was founded in 2019 by Serjex Kunz and Anton Bukov. They soon developed their first product called 1inch aggregation protocol that served as a DEX aggregator. Soon, 1inch grew to unite three separate decentralized protocols for the exchange of cryptocurrencies. Not just that it enables liquidity by aggregating it through different protocols and facilitating cost-effective transactions. The native token of the platform is called 1INCH and it serves two purposes. One, it’s used as the governance token. Therefore people who own it have voting rights. Two, it is used as a utility token where it is used to bring high-efficiency routing to the network.